FormFactor, Inc. (NASDAQ:FORM) Holdings Increased by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in FormFactor, Inc. (NASDAQ:FORM) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,482 shares of the semiconductor company’s stock after acquiring an additional 3,545 shares during the period. New York State Common Retirement Fund’s holdings in FormFactor were worth $1,480,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Illinois Municipal Retirement Fund lifted its position in FormFactor by 3.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 46,933 shares of the semiconductor company’s stock worth $1,958,000 after purchasing an additional 1,631 shares during the period. California Public Employees Retirement System lifted its holdings in shares of FormFactor by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 156,477 shares of the semiconductor company’s stock valued at $6,527,000 after buying an additional 4,190 shares during the period. Handelsbanken Fonder AB boosted its stake in FormFactor by 31.6% during the fourth quarter. Handelsbanken Fonder AB now owns 17,060 shares of the semiconductor company’s stock valued at $712,000 after buying an additional 4,100 shares in the last quarter. Knights of Columbus Asset Advisors LLC grew its holdings in FormFactor by 89.5% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 134,271 shares of the semiconductor company’s stock worth $5,600,000 after acquiring an additional 63,425 shares during the period. Finally, Calamos Advisors LLC bought a new stake in FormFactor in the fourth quarter worth about $1,502,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

FormFactor Stock Up 0.9 %

Shares of FormFactor stock opened at $56.65 on Friday. FormFactor, Inc. has a 1 year low of $27.96 and a 1 year high of $57.24. The company has a market cap of $4.40 billion, a P/E ratio of 42.92 and a beta of 1.15. The company has a current ratio of 4.51, a quick ratio of 3.67 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average price of $45.44 and a 200 day moving average price of $41.19.

FormFactor (NASDAQ:FORM) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $168.16 million for the quarter, compared to the consensus estimate of $165.49 million. FormFactor had a return on equity of 2.29% and a net margin of 15.48%. As a group, analysts expect that FormFactor, Inc. will post 0.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FORM has been the subject of several research reports. Stifel Nicolaus raised their price objective on shares of FormFactor from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Citigroup upped their price target on FormFactor from $37.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 2nd. StockNews.com lowered FormFactor from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Evercore ISI began coverage on FormFactor in a report on Tuesday, April 16th. They issued an “in-line” rating and a $50.00 target price on the stock. Finally, Needham & Company LLC upped their target price on FormFactor from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $47.30.

Insider Buying and Selling at FormFactor

In other FormFactor news, Director Sheri Rhodes sold 13,319 shares of FormFactor stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $56.02, for a total transaction of $746,130.38. Following the completion of the sale, the director now owns 7,634 shares of the company’s stock, valued at approximately $427,656.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other FormFactor news, CEO Mike Slessor sold 4,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $43.38, for a total value of $173,520.00. Following the transaction, the chief executive officer now directly owns 499,781 shares of the company’s stock, valued at approximately $21,680,499.78. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sheri Rhodes sold 13,319 shares of FormFactor stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $56.02, for a total value of $746,130.38. Following the sale, the director now owns 7,634 shares of the company’s stock, valued at $427,656.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,413 shares of company stock worth $2,484,512. 0.96% of the stock is currently owned by company insiders.

FormFactor Company Profile

FormFactor, Inc designs, manufactures, and sells probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems to semiconductor companies and scientific institutions in the United States, Taiwan, South Korea, China, Europe, Japan, Malaysia, Singapore, and internationally.